Vigilant Capital Management Exits Position in General Growth Properties Inc (GGP)

General Growth Properties Inc (GGP) : Vigilant Capital Management has sold out all of its stake in General Growth Properties Inc during the most recent quarter, according to the disclosure filed by the company on Oct 14, 2016 with the SEC. The investment management company has sold out 115 shares of General Growth Properties Inc which is valued at $3,010.

Other Hedge Funds, Including , Duff Phelps Investment Management Co boosted its stake in GGP in the latest quarter, The investment management firm added 338,071 additional shares and now holds a total of 2,119,317 shares of General Growth Properties Inc which is valued at $55,462,526. General Growth Properties Inc makes up approx 0.80% of Duff Phelps Investment Management Co’s portfolio.Nisa Investment Advisors boosted its stake in GGP in the latest quarter, The investment management firm added 13,323 additional shares and now holds a total of 74,583 shares of General Growth Properties Inc which is valued at $1,917,529. General Growth Properties Inc makes up approx 0.03% of Nisa Investment Advisors’s portfolio.Legal General Group Plc boosted its stake in GGP in the latest quarter, The investment management firm added 97,922 additional shares and now holds a total of 3,367,414 shares of General Growth Properties Inc which is valued at $86,576,214. General Growth Properties Inc makes up approx 0.09% of Legal General Group Plc’s portfolio.Creative Planning boosted its stake in GGP in the latest quarter, The investment management firm added 1,869 additional shares and now holds a total of 26,562 shares of General Growth Properties Inc which is valued at $682,909.Raymond James Trust N.a. boosted its stake in GGP in the latest quarter, The investment management firm added 176 additional shares and now holds a total of 8,204 shares of General Growth Properties Inc which is valued at $214,453. General Growth Properties Inc makes up approx 0.02% of Raymond James Trust N.a.’s portfolio.

General Growth Properties Inc opened for trading at $26.39 and hit $26.59 on the upside on Friday, eventually ending the session at $26.17, with a gain of 0.65% or 0.17 points. The heightened volatility saw the trading volume jump to 46,26,572 shares. Company has a market cap of $23,154 M.

On the company’s financial health, General Growth Properties Inc reported $0.35 EPS for the quarter, based on the information available during the earnings call on Aug 1, 2016. Analyst had a consensus estimate of $0.35. The company had revenue of $574.60 million for the quarter, compared to analysts expectations of $589.19 million. The company’s revenue was down -.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.33 EPS.

Many Wall Street Analysts have commented on General Growth Properties Inc. General Growth Properties Inc was Upgraded by Sandler O’Neill to ” Buy” on Oct 14, 2016. General Growth Properties Inc was Initiated by Hilliard Lyons to “Neutral” on Aug 31, 2016.

General Growth Properties Inc. (GGP) is a self-administered and self-managed real estate investment trust (REIT). The Company is engaged in owning and operating retail properties to communities retailers employees consumers and shareholders. As of December 31 2014 the Company owned either entirely or with joint venture partners 128 retail properties. The Company’s business is conducted through GGP Operating Partnership LP (GGPOP) GGP Nimbus LP (GGPN) and GGP Limited Partnership (GGPLP or operating partnership) subsidiaries of GGP. The Operating Partnerships own an interest in the properties of GGP. As of December 31 2014 GGP held approximately a 99% common equity ownership of the Operating Partnerships. In addition the Operating Partnerships conduct their operations through General Growth Management Inc. (GGMI) General Growth Services Inc. (GGSI) and GGPLP REIT Services LLC (GGPRS).

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